$8,906 Closing Credit*
$750,000
2,595 SqFt
4 Beds
•3 Full Baths, 1 Partial
Lee R. Tessier, Listing Office: EXP Realty, LLC
Is Bel Air, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Bel Air has remained a Seller's Market.
Key Takeaway
Bel Air is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bel Air, MD
How much do homes in Bel Air, MD cost?
Median Sold Price
$435,569
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$20,283(+4.9%)
Key Takeaway
Homes in Bel Air have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Bel Air was $435,569 in December 2024, up 4.9% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $185K | +2.8% |
| 2 Bedrooms | $251.9K | $268K | +6.4% |
| 3 Bedrooms | $375K | $389.3K | +3.8% |
| 4 Bedrooms | $525K | $545K | +3.8% |
| 5+ Bedrooms | $665K | $745K | +12.0% |
Summary: Bel Air housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 12%.
Housing Supply in Bel Air, MD
How many homes are available in Bel Air, MD?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 180 | 160 | -11.1% |
Summary: The Bel Air real estate market had 160 homes for sale in December 2024, a 11.1% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 36 | 29 | -19.4% |
| 3 Bedrooms | 69 | 64 | -7.2% |
| 4 Bedrooms | 54 | 48 | -11.1% |
| 5+ Bedrooms | 20 | 19 | -5.0% |
Summary: The Bel Air housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 19.4%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 5%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 68 | 63 | -7.4% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bel Air, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 63 homes were sold or pending in Bel Air in December 2024, down by 7.4% month-over-month. Of the 63 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for Bel Air, MD
How long does it take to sell a home in Bel Air, MD?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 24 Days | 17 Days | -27.1% |
Summary: Homes in Bel Air had an average of 17 days on market in Dec 2024, down by 27.1% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bel Air are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 63 homes were sold in Bel Air; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
